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NABARD Grade A Deposit Insurance — practice questions — page 2

Explore 66 free Deposit Insurance questions in NABARD Grade A Banking Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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Deposit Insurance questions and exercises with answers

Showing questions 31–60 of 66.

Fill the gaps in the cover rulesRead the answer and worked solution →Sort each period by what it governsRead the answer and worked solution →Spot the one that does not fitRead the answer and worked solution →Pick the right answer, quicklyRead the answer and worked solution →Which deposit is NOT insured by the DICGC?Read the answer and worked solution →Deposits of which body are outside the insurance cover?Read the answer and worked solution →Deposits with which institution are not covered by the DICGC?Read the answer and worked solution →Which of these banks is insured by the DICGC?Read the answer and worked solution →How many co-operative banks are covered by the DICGC today?Read the answer and worked solution →Each depositor in a bank is insured up to a maximum of:Read the answer and worked solution →The five lakh cover applies to the principal and the:Read the answer and worked solution →Deposits in different branches of the same bank are:Read the answer and worked solution →If a person holds deposits in two different banks, the cover is:Read the answer and worked solution →If two banks holding a person's deposits close on the same day:Read the answer and worked solution →A sole proprietor's firm deposit and personal deposit are:Read the answer and worked solution →Can a bank set off its dues against an insured deposit?Read the answer and worked solution →Who bears the cost of the deposit insurance premium?Read the answer and worked solution →On liquidation, the DICGC pays the claim amount to the:Read the answer and worked solution →On liquidation the DICGC must pay within how long of the claim list?Read the answer and worked solution →Can a bank choose to leave the deposit insurance scheme?Read the answer and worked solution →The DICGC may cancel registration if premium is unpaid for:Read the answer and worked solution →A bank under AID must furnish the depositor list within:Read the answer and worked solution →The DICGC verifies an AID claim list within:Read the answer and worked solution →A depositor of a bank under AID must submit a signed:Read the answer and worked solution →The Deposit Insurance Corporation began functioning on:Read the answer and worked solution →India was which country in the world to insure bank deposits?Read the answer and worked solution →The DIC and the CGCI merged into the DICGC in:Read the answer and worked solution →Deposit insurance premium is now collected from banks:Read the answer and worked solution →Is this deposit insured?Read the answer and worked solution →Match each rule to its numberRead the answer and worked solution →

Worked practice questions

Fill the gaps in the cover rules

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Missing parts
  1. Answer
    five lakh
    Choices
    1. five lakh
    2. four lakh
    3. one lakh
  2. Answer
    the bank
    Choices
    1. the bank
    2. the saver
    3. the state
  3. Answer
    two months
    Choices
    1. two months
    2. six months
    3. one month
  4. Answer
    ninety days
    Choices
    1. ninety days
    2. thirty days
    3. sixty days
Complete the statement
Cover runs to {0} per depositor per bank, paid for by {1}. On liquidation the money is paid within {2}. Under All-Inclusive Directions it is paid within {3}.
Instructions
Tap a phrase to drop it into the empty slot.
_Source: DICGC, Guide to Deposit Insurance_

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Sort each period by what it governs

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Items
  1. Item
    Two months
    Category
    Liquidation
  2. Item
    Claim list first
    Category
    Liquidation
  3. Item
    Ninety days
    Category
    Under AID
  4. Item
    Forty five days
    Category
    Under AID
  5. Item
    Three periods
    Category
    Premium default
  6. Item
    Newspaper notice
    Category
    Premium default
Categories
  1. Item
    Liquidation
  2. Item
    Under AID
  3. Item
    Premium default
Instructions
Tap a period, then tap what it applies to.
_Source: DICGC, Guide to Deposit Insurance_

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Spot the one that does not fit

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Questions
  1. Items
    1. Inter-bank
    2. Savings
    3. Fixed
    4. Recurring
    Odd item
    Inter-bank
  2. Items
    1. Commercial bank
    2. Rural bank
    3. Co-op bank
    4. Co-op society
    Odd item
    Co-op society
  3. Items
    1. Two months
    2. Ninety days
    3. Forty five days
    4. Five lakh
    Odd item
    Five lakh
  4. Items
    1. Liquidator
    2. DICGC
    3. Depositor
    4. Auditor
    Odd item
    Auditor
Instructions
Tap the item that does not belong with the rest.
_Source: DICGC, Guide to Deposit Insurance_

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